Frequently Asked Questions
About IVF Surrogacy
Frequently asked questions about Life Insurances & Income Protection for IVF Surrogates & Intended Parents living in Australia.
Can I pay the premiums for life insurance on behalf of a surrogate?
Can I pay the premiums for life insurance on behalf of a surrogate?
Yes.
We recommend an annual payment (Bpay or direct debit) where possible as it removes the need to constantly monitor for expiring credit cards or other issues that create unnecessary anxiety at a time you need certainty.
Can my surrogate’s life insurance include disability (TPD) insurance cover as well?
Can my surrogate’s life insurance include disability (TPD) insurance cover as well?
Yes.
Many people choose to set up Life Insurance with a matching level of long term Total Permanent Disability protection (referred to as TPD) as well.
Who should legally own the policy on the life of a surrogate?
Who should legally own the policy on the life of a surrogate?
We recommend the Surrogate own the insurance policy on her life so that her family are the beneficiaries and feel more involved and in control of this important issue.
Can a surrogate nominate a beneficiary when their life insurance is paid by a different person?
Can a surrogate nominate a beneficiary when their life insurance policy is paid by a different person?
Yes she can.
The owner of a life insurance policy has the right to nominate her beneficiaries for the policy, whether that be named individuals or her personal legal representative (LPR).
Can you insure the health of an unborn child?
Can you insure the health of an unborn child?
At different times opportunities arise that make this possible.
This is a specialist service and makes it possible for an adult to insure themselves against a set of listed critical illnesses and medical conditions, and a yet-to-be born child for a lesser range of the most common childhood critical illnesses. This strategy provides emergency funding to cover unexpected medical and associated expenses.
- Can a surrogate take keep the policy going after the child is born?
- Should Intended Parents have Crisis Recovery insurance?
- What's the best way to pay our surrogates life insurance premiums?
- As intended parents, what's the best way to pay our own personal life insurances premiums?
- Can our surrogate’s life insurance premiums be paid from an intended parents own super fund?
